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Timothy Smith

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Timothy Smith

Re: eastunder post# 160

Monday, 04/18/2016 4:18:05 AM

Monday, April 18, 2016 4:18:05 AM

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Williams Cos. (NYSE:WMB) says the Delaware Chancery Court will expedite its litigation against Energy Transfer Equity (NYSE:ETE) over private shares issued to help finance the pending merger of the two pipeline companies.

WMB filed the lawsuit last week, as well as a separate suit against ETE chief Kelcy Warren, accusing its planned acquirer and the CEO of violating the merger agreement with a private offering of debt.

WMB's board also reiterates its support for the merger, which is expected to close in Q2.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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